US Celanese to sell plants in France and Spain

22 May 2013 13:18  [Source: ICIS news]

HOUSTON (ICIS)--Celanese is seeking buyers for its 34,000 tonne/year acetic anhydride facility in Roussillon, France, and its 200,000 tonne/year vinyl acetate monomer (VAM) production unit in Tarragona, Spain, the US-based chemicals producer said on Wednesday.

Celanese employs 30 full-time workers at the Roussillon plant and 70 full-time workers at the Tarragona facility.

Celanese said that its plan to sell the units was the result of a recent assessment of its global manufacturing facilities.

"Specifically in support of the company’s acetyl intermediates business, the manufacturing footprint strategy favours integrated production sites that provide critical economies of scale," it said.

Celanese said that it was looking for buyers that can integrate the plants in France and Spain into their own manufacturing organisations.

To help with the sales process, Celanese has hired consultants JH Lillian & Co, it added.

By: Stefan Baumgarten
+1 713 525 2653

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